Amagi Media Labs Limited · NSE:AMAGI
Amagi Media Labs — Q2 FY27 Earnings Presentation
22 slides from Amagi Media Labs's earnings presentation, Nov 5, 2026
Slide 1: Investor Presentation filing letter to BSE and NSE
amag1 November 05, 2026 Re: AMAGI/SE/2026-27/80 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai – 400001, Maharashtra Mumbai – 400051, Maharashtra Scrip Code – 544679 Symbol – A
Slide 2: Q2 & H1 FY27 Earnings Presentation
Q2 & H1 FY27 Earnings Presentation Quarter and half-year ended 30 September 2026 Amagi Media Labs Limited Earnings Call: 6 November 2026, 10:00 AM IST ir@amagi.com
Slide 3: Executive Summary
EXECUTIVE SUMMARY Executive Summary 01 GROWTH 02 PROFITABILITY 03 CUSTOMERS 04 FLYWHEEL - - - - ₹476 Cr ₹89 Cr 503 1.0M hours ▲ +27% Y/Y ▲ +114% Y/Y ▲ +22 Y/Y ▲ +43% Y/Y Record quarterly revenue Adj. EBITDA Active customers Content processed +33% ex. base1 18.7% margin (+7.6 ppts Y/Y) 10,787 Channel
Slide 4: Amagi Simplifies the Complexity of Media Operations
MARKET OPPORTUNITY amag1 Simplifies the Complexity of Media Operations For Content Providers For Distributors Prepar~ Distrib~ Monetization [o w Content Edit Broadcast/ . Lan guage ~ Cable TV ~ LIVE ,,1111111, Tracks ra Subtitles Streaming/ □ Ingest & Sort ~ OTT Apps c:J )) Audio Vertical Drama ~ Ap
Slide 5: Large Market Opportunity
MARKET OPPORTUNITY Large Market Opportunity / -----------------------------~ ' CLOUD STREAMING MONETIZATION & I ' AI MODERNIZATION -$6.2B UNIFICATION -$3.7B MARKETPLACE -$7.0B - AI could expand the addressable opportunity Broadcast content Video workflows across Ad-related operations preparation, li
Slide 6: Tailwinds Getting Stronger
MARKET OPPORTUNITY Tailwinds Getting Stronger CLOUD MODERNIZATION STREAMING UNIFICATION MONETIZATION & MARKETPLACE - - - 10.2% 49.6% 42.5% of linear channels worldwide on cloud of US TV viewing time on streaming of US CTV ad share in total TV ad spend playout ▲ +4.5 pts Y/Y ▲ +3.2 pts Y/Y ▲ +4.3 pts
Slide 7: Q2 Proof Points: Winning Across the Platform
CUSTOMER AND EVENTS Q2 Proof Points: Winning Across the Platform -• Broadcast and streaming unifying on one platform (Cloud Modernization + Streaming Unification) The local news network of one of the largest US cable operators moved live newsroom playout in two markets to Amagi CLOUDPORT and is now
Slide 8: LA PLAY 2026 and Industry Recognition
CUSTOMER AND EVENTS LA PLAY 2026 and Industry Recognition FLAGSHIP EVENT · LOS ANGELES · 29 SEP 2026 700+ 41% 4 attendees at our flagship customer event of attendees were senior leaders AI products launched this quarter STUDIO · FANPULSE · Localization · Agentic NOC INDUSTRY RECOGNITION IDC MarketSc
Slide 9: Key themes we are betting on
BIG BETS Key themes we are betting on Preparation..J/1. Monetization. . . <<< Managed Services run by Agents >>> $2 to $4 Cost spent on people for every $1 spent on Efficiencies Agentic (_ __ Media _Ops Smart _) (_ _Scheduler _~ ) Network Operations Center tech² <<< AI-driven Content Transformation
Slide 10: Execution moves to agents. Judgment stays with people.
BIG BETS · AGENTIC OPERATIONS Execution moves to agents. Judgment stays with people. TODAY · people operate the software TOMORROW · the software operates itself ON AIR JUDGMENT LAYER --- • • • decide, approve, handle exceptions stays --- • • • decide, approve, handle exceptions ••••••••• • • • • • •
Slide 11: We said a suite. We shipped four.
AI We said a suite. We shipped four. WE SAID WE LAUNCHED HOW EACH IS SCALING Private beta Launched Paying Scaling “…a battery of products coming out from our AI CD amagi STUDIO - .., Fanpulse - NEWSPULSE •••• ✓ ✓ ✓ Q3 FY26 Q4 FY26 Q4 FY26 Q2 FY27 ✓ stable.” Live production in the cloud. One show, ev
Slide 12: Platform Activity Continues to Scale
FLYWHEEL Platform Activity Continues to Scale MORE CONTENT 1.0M Hours ▲ +43% Y/Y More Content Q2 FY27 cumulative MORE REACH More More Creation Reach 10.8K Channel Deliveries ▲ +29% Y/Y Q2 FY27 MORE VIEWERS 477 Distributors ▲ +24% Y/Y Q2 FY27 More Ad More Revenues Viewers MORE AD REVENUE Advertisers
Slide 13: We are adding technology depth to our Board.
BOARD APPOINTMENTS We are adding technology depth to our Board. As AI transforms media operations, we are strengthening technology and transformation expertise on our Board. Dr. Bhaskar Ghosh Mrs. Srividhya Srinivasan Independent Director Co-founder & CTO Appointments subject to shareholder approval
Slide 14: Growing Strong, Executing Well, Converting to Cash
FINANCIALS Growing Strong, Executing Well, Converting to Cash REVENUE ADJ. EBITDA PAT CASH - Q2 FY27 - Q2 FY27 - Q2 FY27 - As of 30 Sep 2026 ₹476 Cr ₹89 Cr ₹75 Cr ₹1,774 Cr ▲ +27% Y/Y · +33% ex-base¹ ▲ +114% Y/Y ▲ +2,860% Y/Y ▲ +161% Y/Y +15% CC · +21% CC ex-base¹ 18.7% margin · +7.6 ppts Y/Y 14.9%
Slide 15: Growing Strong: Revenue ₹476 Cr, up 27% (+33% ex-base)
FINANCIALS Growing Strong: Revenue ₹476 Cr, up 27% (+33% ex-base) Q2 REVENUE (₹ Cr) · Y/Y GROWTH SEGMENT MIX (% OF REVENUE) HEALTHY EXPANSION CC growth, ex-base¹ NRR 125%+ 476 TTM 57% 52% 55% 375 SECULAR GROWTH ACROSS SEGMENTS 278 Cloud Modernization +9% · +36% ex-base¹ 25% 23% 25% Streaming Unifica
Slide 16: Executing Well: Adj. EBITDA ₹89 Cr at 18.7%, PAT ₹75 Cr at 14.9%
FINANCIALS Executing Well: Adj. EBITDA ₹89 Cr at 18.7%, PAT ₹75 Cr at 14.9% Q2 OPERATING COST vs REVENUE (₹ Cr) · HISTORY GROSS MARGIN STAGE 1 · BREAK-EVEN STAGE 2 · INFLECTION STAGE 3 · SCALING ₹324 Cr / 68.1% 47% flow-through² +0.8 ppt Q/Q · within our 67–69% zip code ₹89 / 18.7% ~----~ I ₹42 / 11
Slide 17: Cash Flow: H1 Adj. OCF ₹94 Cr, 67% of Adj. EBITDA, Zero Debt
FINANCIALS Cash Flow: H1 Adj. OCF ₹94 Cr, 67% of Adj. EBITDA, Zero Debt YEAR TO DATE CASH FLOW (₹ Cr) ADJ. OPERATING CASH FLOW · H1 FY27 PARTICULARS (₹ Cr) YTD Q2 FY26 YTD Q2 FY27 ₹94 Cr Reported Ex 1-time Reported Ex 1-time 67% of Adj. EBITDA Adjusted EBITDA 58 58 139 139 (+/-) Non-cash & operating
Slide 18: Looking Ahead: Same Priorities, Stronger Starting Point
FINANCIALS Looking Ahead: Same Priorities, Stronger Starting Point FY27 FOCUS (unchanged) H1 FY27 RETROSPECTIVE 01 REVENUE Durable revenue growth expansion-led · stable band +30% Y/Y · +34% ex-base¹ ₹913 Cr in six months MARGIN 02 Operating leverage 15.3% Adj. EBITDA · +7.0 ppts Y/Y costs grow slowe
Slide 19: Appendix
Appendix amag|
Slide 20: Disclaimer and Forward-Looking Statements
APPENDIX Disclaimer and Forward-Looking Statements Disclaimer Basis of Preparation and Non-Ind AS Measures This presentation has been prepared by Amagi Media Labs Limited (“Amagi” or the The financial results for the quarter and half-year ended 30 September 2026 have “Company”) solely for informatio
Slide 21: Annexure A: Definitions of Key Terms (Financial)
APPENDIX Annexure A: Definitions of Key Terms (Financial) Revenue from Operations PAT / PAT Margin (%) Revenue recognised from the sale of products and services in accordance PAT refers to profit/loss for the relevant year after tax. PAT Margin (%) is with Ind AS 115. calculated as profit/loss for t
Slide 22: Annexure A: Definitions of Key Terms (Operational)
APPENDIX Annexure A: Definitions of Key Terms (Operational) Net Revenue Retention (NRR) Rate Total Monetized Ad Impressions NRR Rate (%) is computed as Revenue from operations for the current Fiscal Total ad impressions (in billions) monetized by our Company during a from all customers existing at t